 "Bank of Baroda, BoB")
The Calcutta High Court has directed the Reserve Bank of India to consider appropriate steps against Bank of Baroda (BoB), including revoking its licence or authority to carry on with banking business, if necessary, for failing to honour a bank guarantee given by a third party to Indian Oil Corporation (IOCL).
In a matter relating to an appeal by BoB against IOCL, a division bench comprising justices Sanjib Banerjee and Kaushik Chanda took up a cross-objection by respondent IOCL on February 10, immediately after dismissing the appeal by BoB for default, since the appellants could not proceed with the
In a matter relating to an appeal by BoB against IOCL, a division bench comprising justices Sanjib Banerjee and Kaushik Chanda took up a cross-objection by respondent IOCL on February 10, immediately after dismissing the appeal by BoB for default, since the appellants could not proceed with the
